Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The Organization did not use the 10% de minimis indirect cost rate.
All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
Title: FEDERAL EXPENDITURES
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The Organization did not use the 10% de minimis indirect cost rate.
The schedule of expenditures of federal awards reflects federal and state expenditures for all individual grants which were active during the fiscal year.
Title: INDIRECT COST RATE
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The Organization did not use the 10% de minimis indirect cost rate.
The Organization did not use the 10% de minimis indirect cost rate.